Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Oil Producers, Procter & Gamble, AstraZeneca: 3 Things to Watch

Published 29/07/2022, 05:58 am
Updated 29/07/2022, 05:58 am
© Reuters.

© Reuters.

By Liz Moyer

Investing.com -- Stocks notched a two-day rally as investors believe the Federal Reserve could slow the pace of interest rate increases after new data showed the economy slowed in the second quarter.

The Fed raised rates another 0.75 points on Wednesday, but stocks rallied anyway, especially tech. They continued their climb on Thursday as earnings continue to pour out, especially from big tech names.

While the news hasn't always been strong this week, tech stocks are holding their own. On Friday, new data on inflation in the form of the personal consumption expenditure index will come out. That is the Fed's preferred measure of inflation. Other data is expected to show that personal income rose 0.5% in June, while personal spending was expected to rise 0.9%. 

Earnings continue next week, with reports from AMD (NASDAQ:AMD), Starbucks (NASDAQ:SBUX), CVS Health (NYSE:CVS) and Eli Lilly (NYSE:LLY) among others.

Here are three things that could affect markets tomorrow:

1. Oil earnings

Big producers are reporting tomorrow. Chevron Corp (NYSE:CVX) is expected to report $5.09 in earnings per share on $57.9 billion in revenue. Exxon Mobil Corp (NYSE:XOM) is expected to report EPS of $3.84 on revenue of $94.9 billion

2. Procter & Gamble earnings

Procter & Gamble Company (NYSE:PG) is expected to report earnings per share of $1.23 on revenue of $19.4 billion.

3. AstraZeneca earnings

AstraZeneca (NASDAQ:AZN) is expected to report EPS of 79 cents on revenue of $10.5 billion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.